What is your take on the altcoin massacre, weak bitcoin and volatile macro backdrop?

[WorldCitizen99]

par for the course
market needs more liquidity
People only get rich in crypto if they can hang on thru the FUD, boredom, relentless downward price action and market action that seemingly makes no sense

 

[void]

These images simply show BTC is in bubble. It is not designed to be a speculation asset.

what you see is a completely natural move of capital world-wide from assets where it was misallocated for decades because of pure necessity... if 15 years isn't enough then just wait longer

 

[OKboomer]

.

If memory serves me correctly, BTC has had 2 crashes and winters so far - 2017-ish and 2021-ish. Who knows if the 3rd will be recovered from or will be its final death blow.

You speak as if it pumped and dumped twice erasing gains, whereas each cycle it pumped much higher than previous cycle and never dumped much below previous cycle's top. Everyone holding over at least 1 cycle was always in profit, even if they bought the very top.
Therefore, this argument of yours does not apply.

 

[padres123]

So MLM or get rich quick schemes usually fail eventually.

If BTC was designed to be a currency but is being used as "digital gold" or even worse, a lottery ticket, it won't take much market changes to realize that BTC is nothing like a digital gold and is worth nothing.

None of these things are used a get rich quick scheme and none of those things are in a bubble like BTC. Only Nvidia comes close and I wouldn't touch that right now either, for the same reason.


These images simply show BTC is in bubble. It is not designed to be a speculation asset. I could have produced images like these for tulips.

If memory serves me correctly, BTC has had 2 crashes and winters so far - 2017-ish and 2021-ish. Who knows if the 3rd will be recovered from or will be its final death blow. All I know is that it's price is not based on it's technological superiority (there are better cryptos) or use case (BTC is not designed to be a lottery ticket).

Yes, of course "bubble". But with this bubble you could earn money really well in 10 years.
Just like in the beginning of 2000 it was the same with tech stocks and the "Dot_com" bubble...

 

[padres123]

etc...